My WebLink
|
Help
|
About
|
Sign Out
Browse
88106446
LFImages
>
Deeds
>
Deeds By Year
>
1988
>
88106446
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/9/2007 5:41:53 PM
Creation date
3/9/2007 4:44:15 AM
Metadata
Fields
Template:
DEEDS
Inst Number
88106446
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />UNIFORM CovENANn; Borrower nnd lender el~od~,Q ~ ~ay~ <br />1. PII::Imcnt of Principal and Interest; Prepayment and Latc CharRcs. Borrow~r shall promptly pay when due <br />the principal of ond interest on the debt evidenced by the Nole and any prepayment and laic charges due under the Note. <br />2. Funds for Taxes and Insurance. Subject to npplicable law or to a written waiver hy Lender. Borrower shall pay <br />10 Lender on the day monthly payments arc due under the Note. until the Note is paid in full, a sum ("Funds") equal 10 <br />one-twelfth of: (a) yearly taxes and assessments which may llttain pnorily over this Security Instrument; (b) yearly <br />leasehold payments or ground rents on the Property, if any: (e) yearly hazard insurance premiums; and (d) yearly <br />mortgage insurance premiums, irany. These items are called "escrow items." Lender may c.'itimate the Funds due on the <br />basis of current datu and reasonable estimates of future escrow items. <br />The Funds shall be held in an in!>titution the deposits or accounts of which are insured or guanmteed by n fedcml or <br />stute agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. <br />Lender may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items. unless <br />Lender pays Borrower interest on Ihe Funds and applicable law permits Lender to make such a charge. Borrower and <br />Lender may Ilgree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law <br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. L..:nder <br />shall gi...e to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the <br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured by <br />this Security Instrument. <br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to <br />the due dates of the escrow items, shall exceed the amounl required 10 pay Ih~ escrow :tems when due, the excess shaU be, <br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the <br />amoun' of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to lender any <br />amount necessary 10 make up the deficiency in one (If more payments as reqUITed by Lender. <br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower <br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later <br />than immediately prior to the sale of the Properly or its acquisition by Lender, any Funds held by Lender at the time of <br />application as a credit against the sums secured by this Security Instrument. <br />3. AppIie:ation of Payments. Unless applicable law provides othernise. all payments received by Lender under <br />paragraphs 1 and 2 shall be applied: first. to late charges due under the Note; second, to prepayment charges due under the <br />Note; third. to amounts payable under paragraph 2; fourth, to interest due; and last. to pnncipal due. <br />4. Cba.rgesj Liens. Borrower shall pay aU taXes. assessments, charge... fines and impositions attributable to the <br />Property whic:h may altuin priority o...er this Security Instrument. and lea.<;ehold paymenb or ground rents. if any. <br />Borrower shall pay these obligations in the manner provided in paragraph 2, or If not paid 10 that manner. Borrower shall <br />pay them on time directly to the person owed. payment. Borrower shall promptly fuml!>.h to Lender all notices of amounts <br />to be paid under this paragraph. If Borrower makes these payments duectly, Borrower shall promptly furnish to Lender <br />receipts evidencing the payments. <br />Borrower shaH promptly discharge any lien whic:h hB) pnonty over Ihl!! Secunty Instrumen1 unless Borrower: (a) <br />agrees in writing to the payment of the obligation secured by 1he lien in a manner acceptable 10 Lender; (b) contests in good <br />faith the lien by, or defends against enforcement of the lien in, legal proceeding!>> which in the Lender'!; opinion operate to <br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) !\eCures from the holder of the lien an <br />agreement sa1isfactory to Lender subordinaling the lien to thi!! Security ImMument. If Lender deteooines that any part of <br />the Property is subject to a lien which may at lain priority O\.er thl!>. Secunty In!>.trument, Lender may gl\:e Borrower a <br />notice identifying the lien. Borrower !ihall satisfy the lien or take one or more of the action!>. set for1h above \\.ithin 10 day~ <br />of the giving of notice. <br />5. Hazard Insurance. Borrower shall keep the impro\'ement!o now eXisting or hereafter erecled on (he Propen) <br />insured againslloss by fire. hazards included within the teoo "euended coverage" and any olher hazards for which Lc:nder <br />requires insurnnce. This insurance shall be maintained in lhe amounts and for the periods that Lender requlre\. The <br />insurance carrier providing the insurance shall be chosen by Borrower ~ubject to Lender'!>. approml which shan ",'I be <br />unreasonably withheld. <br />All insurance pohC10 and renewals shall be acceptable (0 Lender and shall mclude a standard mongage daw.c <br />Lender shall have the righl to hold Ihe policies and renewals. If Lender reqUires, Borrower !thall promptly gl\le 10 Lender <br />all receipts of paid prcmlum5. and renewal notices. 10 the event of loss. Borrower shall give prompt notice to the tn!ourance <br />carrier and Lender. Lender may make proofofloss ifoot made promplly by Borrower. <br />Unless Lender and Borrower olherwisc agree in wrilmg. insurance proceeds !>.hall be apphed to restoration or repaIr <br />of the Property damaged. if Ihe roloration or repair is economically feasible and lender's seeurit)' is not les~ened. If the <br />resloration or repair is nOI economically feasible or Lender's securily would be lessened, the msurance proceeds shall be <br />applied 10 the sums secured by 1his SecunlY Inslrument, \\'helher or nol Ihen due. wilh any eAcess paid 10 Borrower. If <br />Borrower abandons the Propeny. or does nol answer ",..ithin 30 days a nOlice from lender that the tnsurance carrier h.1.~ <br />offered to settle a clalm. 1hen Lender may collect the msurance proceeds_ Lender ma)' use (he proc.eeds 10 repair nr restore <br />the Propeny or to pay s.ums secured hy thIS Secunty Instrumenl. whether or n01 then due_ The JO-da)' period will begm <br />when the notice is. given. <br />Unless Lender and Borrower otherwise agree in writing. any applicnllon of proceed!>. In pnnelpal shall nOI ell;tend or <br />postpone the due dale of the monthly payments referred 10m paragraphs I and 1 or change the amounl of the payments. If <br />under paragraph lq Ihe Property is acquired by Lender, Borrower's right 10 an)' msurance pnhel~ and proceeds resulun~ <br />from damage to lhe Property prior 10 the acquisiuOI1 shall pos!t 10 Lender 10 the ell;tenl of the '-UIO'- ..ceured by thiS Secunty. <br />Instrumenl immediately prior 10 the ocquisition. <br />6. Praerntion and Maintenance or PropeT$Wi Leaseholds. Borrower ,-hall nnt dotrny. damage or ~ubstanl1ally <br />chonge the Propeny. allow the ProperlY to deleriorale or commit was1e. If IhlS Seeunl)' In~lrument i!! on a lem.ehold, <br />Borrower shall comply with Ihe provisions of the Ic:asc:. and if Borrower acqulTo fee mil." 1n the Propcrty, the leasehold and <br />fee litle shall nol merge unless Lender agrec:s 10 the merger 10 wrilmg. <br />7. Protection of LenMr9s Rights in the Propertyo ~lortgaRe Insurance. If Borrowt:r fails 10 perform the <br />co...enants and agreements contained in this Security Instrument. or there IS a legal proceedmg Ihat ma)' slgmficantly affecl <br />Lender's rights in the Property (such as a proceeding in bankruptc)'. probate. for condemnation or to enforce la.....!>. or <br />regulauons).then Lender may do and pay for ",..hale\"er is necessar)' to protect the ...alue of the Prnperly and Lender'.. nght!! <br />jn the Property. Lender's actIOns may mclude paying any sums secured It). a hen whu.::h has pnnnl)' over thl!>. Secunty <br />Instrument. Ilppeanng in count paymg reasonable attorneys' f~ and e:ntenng on the: Properly 10 muke repalT'!lo. Althou~h <br />Lender may take action under this paragraph 7. Lender docs nol ha...'c to do !to. <br />Any amounts dlsbur..ed by Lender under this paragraph 7 shall become addllmnal dcbl of Borrowcr 'iecured by IhlS <br />Secunty Instrumenl. Unless Borrower and Lender agr~ to other lerm... of J1a~'mcnl. Ihe<>c amllunls "hall hear lnlcre<tl from <br />the date of di~un.emen1 0.1 the NOIe rale and ..hall he payable. wllh mlcreo.l, upnn nllllec fmOl Lcnder lil RornH.\.cr <br />requollOg paymenl <br />
The URL can be used to link to this page
Your browser does not support the video tag.